Forex brokers are dealers or firms that offer trading services to retail and professional traders. There are numerous forex brokers. Some brokers are regulated, and some are not. Regulation ensures that your investments are protected and you are trading with a trustworthy and reliable platform. However, not all brokers are regulated. If you consider using Go Markets, you may be wondering if the broker is regulated.
Go Markets is a regulated forex broker. The broker is regulated in the UAE, Seychelles, Australia, Cyprus, St. Vincent and Grenadines Mauritius, and other jurisdictions. In this article, we will explore more about Go Markets, its pros and cons, and the benefits of trading with a regulated forex broker like Go Markets.
Is Go Markets Regulated?
Yes, Go Markets is a top-regulated forex broker. It is regulated by FSC, ASIC, CySEC, DMCC, SVG, FSA, and FSA-S. These regulations ensure that the broker must follow certain rules set by the authority to keep things fair and safe for traders. Go Markets holds client funds in segregated bank accounts with top-tier banks. The broker does not use client money for hedging trades with other counterparties. Here are the Go Markets entities and regulators
ThinkMarkets At a Glance
- Founded In: 2010
- Founder: Nauman and Faizan Anees
- Headquarters: London, England
- Minimum Deposit: $0 (Standard Account), $500 (ThinkZero account).
- Maximum Leverage: 1:500
- Regulations: ASIC, CySEC, FMA, JFSA, FSA-S, FSCA , FCA , DFSA
- Trading platform: MT5, ThinkTrader, ThinkCopy
- Account Types: Demo ,Standard Account, Think Zero, Mini Account
- Payment Options: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, BPAY, Cryptocurrency, Neteller, PayPal, PayRetailers, Skrill
- US Clients : Not Accepted
The benefit of Trading with a Regulated Forex Broker?
Trading with a regulated broker offers several benefits:
Security of Funds :
When you trade with a regulated broker, your money is in good hands. These brokers are required by law to keep your funds separate from their own operational money. So, even if the broker faces financial trouble, your money remains safe and untouched.
Fair Trading Practices
Regulated brokers play by the rules. They have to treat you fairly and honestly. That means you can trust that the prices they offer are accurate, and your trades are executed fairly, without any sneaky tricks. It’s like having a fair referee in your trading game.
Transparent Pricing
Transparent pricing in forex trading refers to the clear and fair display of the costs associated with trading currency pairs and other financial instruments. When trading with a top-tier regulated forex broker, traders can expect several aspects of transparent pricing. These transparencies Include :
- Bid-Ask Spread Transparency
- No Hidden Fees or Commissions
- Fair Price Execution Policy
- Real-Time Market Data
Dispute Resolution
Sometimes things don’t go as planned, and disagreements can arise. But with a regulated broker, you have a backup. If you ever have a dispute, regulators provide a process to help sort things out fairly. So, you can trade with confidence, knowing there’s a safety net if you need it. Please keep in mind that client protection might not be applicable for global entities of forex brokers.
Client Data Protection
Your personal information is valuable, and regulated brokers take its protection seriously. They use advanced security measures to keep your data safe, like encryption and secure storage. This way, you can trade without worrying about your private information falling into the wrong hands.
Transparency
Regulated brokers are required to maintain high levels of transparency in their operations. This includes disclosing relevant information to clients, such as fees, charges, and potential risks associated with trading. This transparency fosters trust and confidence among clients, enabling them to make informed decisions.
Customer Support
Forex brokers’ customer support is like having a helpful buddy in your trading journey. They’re there to answer your questions, fix any issues, and guide you through the trading maze. A regulated broker is always serious about their business. You can expect quality support from regulated forex brokers more than that of unregulated ones. Here Here’s what you can expect:
- Friendly and Easy Access to Customer Support
- Quick Response
- Patience and Understanding
- Problem Solvers :
- No excuse
- Personalised help
Frequently Asked Questions (FAQ)
What is Go Markets
Founded in 2006, Go Markets is a forex and CFD broker that offers trading services to traders and investors. Go Markets a variety of trading instruments including Forex, Commodity, Share, Index, Metal, Cryptocurrency, Treasury, ETF CFDs Trading. The maximum leverage of Go Markets is as high as 1:500.
What is Forex Broker Regulation
Forex broker regulation refers to the set of rules, guidelines, and standards imposed by governmental or independent regulatory authorities on firms that offer forex trading services to clients. These regulations are designed to protect investors, ensure fair and transparent operations within the forex market, and maintain the integrity of the financial system. The most popular forex broker regulators are NFA, ASIC, FCA, CySEC, and so on.
Is Go Markets an ECN Forex Broker?
Yes, Go Markets operates as an Electronic Communication Network (ECN) forex broker, providing direct access to liquidity providers and offering competitive pricing and execution.
Is Go Markets a Safe Broker?
Go Markets is a top-tier regulated forex broker. So it can be marked as a safe broker. However, be sure which entity you are trading with.
Is Go Markets regulated in the USA?
No, Go Markets is not regulated in the USA. So the broker can not onboard the clients of the USA.
Is Go Markets regulated in the UK?
Yes, Go Markets is regulated by FCA in the UK. FCA is a government agency that operates independently and is responsible for overseeing the UK’s financial industry.
Is Go Markets regulated in Canada?
No, Go Markets is not regulated in Canada. The broker is not regulated by IIROC or any other Canadian regulatory authority. As a result, Go Markets can not accept Canadian clients.
Is Go Markets Regulated in UAE?
Yes, Go Markets is not regulated by DFSA (Dubai Financial Services Authority). However, being a global forex broker Go Markets can onboard the clients of UAE under its global entity.
Is Go Markets Regulated in Europe?
Yes, Go markets is regulated in Europe. The broker is regulated by CySEC.
Final Thoughts :
Go Markets is a regulated and trusted forex broker that offers Forex, Commodity, Share, Index, Metal, Cryptocurrency, Treasury, ETF CFDs trading services. The maximum leverage of Go Markets is as high as 1:500. However, the broker does not have any passive investment options ( PAMM, MAMM).
Since Go Markets is a regulated forex broker, it is considered safe to trade with the broker. The broker allows traders to trade with any style including scalping, hedging, EA Trading, news trading and so on. Go Markets offers popular trading platforms like MT4, MT5, WebTrader,etc. So traders can trade with their suitable trading platforms on Go Markets.
Disclaimer: Trading forex and CFDs comes with the risk of losing your trading capital.
